EMC Insurance Group posts 2Q profit

DES MOINES, Iowa (AP) _ EMC Insurance Group Inc. (EMCI) on Tuesday reported second-quarter profit of $5.5 million.

On a per-share basis, the Des Moines, Iowa-based company said it had net income of 26 cents. Earnings, adjusted for investment gains, were 16 cents per share.

The insurance holding company posted revenue of $160.8 million in the period.

EMC Insurance Group expects full-year earnings in the range of $1.35 to $1.55 per share.

EMC Insurance Group shares have dropped almost 8 percent since the beginning of the year. The stock has declined nearly 2 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMCI at https://www.zacks.com/ap/EMCI

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